Manager, Investment Accounting

Who we are AIG, Inc. is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. AIG, Inc. (“AIG”) offers a broad range of products to customers through a diversified, multichannel distribution network. Customers value AIG’s strong capital position, extensive risk management and claims experience and its ability to be a market leader in critical lines of the insurance business. Corporate Finance - Investment Accounting The Investment Accounting group at AIG is responsible for the accounting and reporting for AIG’s Invested Assets of over $95 billion a comprised primarily of fixed maturity securities and includes private equity, hedge funds, commercial/residential loans and equity securities. In addition, AIG’s derivative portfolio consists primarily of foreign exchange derivatives but also includes interest rate and other derivative instruments. The Investment Accounting group’s specific responsibilities include reconciliation of transactional data from various sub-ledgers to the general ledger and ultimately AIG’s financial statements as well as all related external reporting for investments (10Q/K, Financial Supplement, STAT Audited Financials, Investment NAIC reporting and various government regulatory reports). AIG has multiple legal entities around the globe. The team is also responsible for establishing the accounting for new transactions or new investment products, implementation of new GAAP and STAT accounting standards as it relates to invested assets, the implementation of new accounting systems as it relates to invested assets, and management of the risks, controls and AIG audit as it relates to investments and supporting Investment FP&A. Responsibilities Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of AIG’s invested assets data across all entities Support the review and preparation of certain Investment disclosures for AIG 10Q/K and Financial Supplement, including as appropriate the Investment, Lending, Fair Value, VIE Footnotes and Investment MD&A Support the review and preparation of NAIC statutory reporting and other regulatory reporting requirements Lead the implementation of process improvements, in coordination with other areas of the department/organization Key point of contact and support for the various business unit and corporate controllers Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance/support that ensures the accounting results from these investments are accurately recorded in the AIG ledgers Perform ad-hoc analytical requests Requirements Bachelor’s degree in accounting or finance 7+ years’ experience in accounting and reporting for investment products Strong understanding of investment products and accounting treatment for fixed maturity, equity, and other investment products Strong knowledge of Generally Accepted Accounting Principle (GAAP) and the recording of investments-related journal entries Strong knowledge of statutory reporting gained in part by preparation of statutory reporting schedules Experience with foreign currency remeasurement and translation Excellent analytical skills, including experience performing investment data analysis including commentary Experience reviewing work papers supporting disclosures High level of competency using Microsoft Excel including pivot tables and formulas to create/manage investment data, review investment data and perform analysis Ability to work collaboratively with teams in multiple locations Ability to balance multiple projects at once, to prioritize appropriately, and to approach the work with a sense of urgency and strong attention to detail to produce high quality results in a time sensitive environment Team-player mindset geared towards process improvements and the implementation of accounting controls to ensure consistency and data quality of the team’s financial output High level of motivation and initiative, ability to work independently, including strong organizational skills Comfort level working within a dynamic and complex organizational structure Excellent interpersonal skills with ability to maintain relationships at all levels within the organization Strong written and verbal communication skills; ability to communicate effectively with staff, peers, senior management and other external and internal audiences Computer proficiency with a strong working knowledge of Microsoft Office, database experience a plus Experience with PAM/Aladdin a plus For positions based in New York, the base salary range is $105,000-$148,000. For positions based in New Jersey, the base salary range is $99,000-$143,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to View email address on click.appcast.io. Functional Area: FA - Finance AIG Employee Services, Inc. #J-18808-Ljbffr Dormont Manufacturing Co